Indonesia to fast track new super regulator

The government decides to create a new super regulator along the lines of the UK''s FSA.

The Indonesian Minister of Finance Jusuf Anwar, has told FinanceAsia.com that he is to fast track the creation of a new 'super regulator' within the next few weeks. Under existing laws, a new regulatory body will have to be created by 2010, but the government plans to complete the task five years early.

We are reviewing the capital markets law with a view to the establishment of a so-called FSA, like in London, He...